Event-oriented management requires that decision
makers base their decisions on significant events in the acquisition life
cycle, rather than on arbitrary calendar dates. This management process
emphasizes effective acquisition planning and embodies sound risk management.
Decisions to proceed with a program should be based on demonstration of
performance, through test and evaluation, and on verification that program
risks are well-understood and are being managed effectively. Attainment of
agreed-upon exit criteria is an indication that the PMO is managing risk
effectively.